If the ratio of the cost price of an
article to its selling price is 6:5, then
what is the loss per cent?
Answers
Answer:
Let the CP of the article is Rs. 6x
Let the SP of an article is Rs.5x
LOSS => CP - SP => Rs. 6x - Rs. 5x => Rs.X
LOSS % => loss/CP×100 => x/6x × 100 => 50/3%
=> 16 whole 2/3 %
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If the ratio of the cost price of an article to its selling price is 6:5 then Loss percentage is about 16.67 %
Given:
ratio of the cost price of an article to its selling price is 6:5
To Find:
Loss percentage
Solution:
Step 1:
Assume that:
Cost Price = 6x
Selling Price = 5x
Step 2:
As cost price is more than selling price hence there would be loss.
Subtract Selling price from cost price to get loss
Loss = Cost Price - Selling Price
Step 3:
Substitute the values of cost price and Selling price
Loss = 6x - 5x = x
Step 4:
Find the loss % on cost price using Formula
Loss % = ( Loss / Cost Price) x 100
Step 5:
Substitute the values and calculate
Loss % = (x/6x) * 100 ≈ 16.67 %
If the ratio of the cost price of an article to its selling price is 6:5 then Loss percentage is about 16.67 %